Tag Archives: Oil

Oil prices rose more than one percent, offsetting some of the losses incurred in the previous session when prices hit their lowest level in three weeks, but the gains were likely limited by fears that the rise in Covid-19 cases and the imposition of restrictions in China will negatively affect …

Oil, Crude, trading

Oil prices declined on Monday for the second consecutive session to reach their lowest level in about three weeks. The decline comes amid a rise by the U.S. Dollar (USD) and concerns over the spread of the Delta variant of the Coronavirus, with some Asian countries restoring lockdowns and other …

Oil prices tumbled 4% on Monday, continuing their sharp losses incurred last week against the backdrop of the rise in the US dollar and fears that the global recovery in fuel demand may slow due to new restrictions to confront the pandemic in Asia, especially in China. The sentiment was …

Oil prices fell more than 2% on Monday, extending their heavy losses incurred last week on the back of the rise in the US dollar and fears that the global recovery in fuel demand may be set back due to new restrictions to confront the pandemic in Asia, especially in …

Oil, Crude, trading

Oil prices declined on Friday amid concerns about the spread of the Coronavirus Delta variant and a strong surge but the U.S. Dollar (USD) that followed the release of a strong jobs data for July. Oil futures extended their weekly losses and snapped a two-week rising streak. The spread of …

The number of crude oil rigs in the United States increased last week, data showed on Friday. Oil rigs rise by two to 387, while natural gas rigs remained unchanged at 103, according to the weekly report by Baker Hughes. The oil rig count is higher by about 34 rigs …

Oil prices extended gains Friday, August 6, but are still on track for their biggest weekly loss since March as travel restrictions aimed at stemming the spread of the delta mutated strain raise concerns about fuel demand. Brent crude futures rose 47 cents to $71.76 a barrel, and US West …

Oil snapped a three-session losing streak to close higher on Thursday, amid concerns about the spread of the Delta variant of the coronavirus. Brent crude futures for October delivery added 54 cents, or 0.8%, to close at $70.92 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for September …